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Utilities Electric Utilities

  • AMSTERDAM, Nov 29- The days of the European conglomerate may be numbered, as activist shareholders are pressing diversified groups to spin off secondary businesses and focus on doing one thing well. "I think demergers and the destruction of conglomerates is the next major trend in the M&A market," said Christer Gardell, co-founder of Cevian, a Swedish-based...

  • AMSTERDAM, Nov 29- The days of the European conglomerate may be numbered, as activist shareholders are pressing diversified groups to spin off secondary businesses and focus on doing one thing well. "I think demergers and the destruction of conglomerates is the next major trend in the M&A market," said Christer Gardell, co-founder of Cevian, a Swedish-based...

  • AMSTERDAM, Nov 29- The days of the European conglomerate may be numbered, as activist shareholders are pressing diversified groups to spin off secondary businesses and focus on doing one thing well. "I think demergers and the destruction of conglomerates is the next major trend in the M&A market," said Christer Gardell, co-founder of Cevian, a Swedish-based...

  • BUDAPEST, Nov 28- Central European equities mostly eased on Monday as a drop in crude oil prices hit energy shares while worries over Italian banks ahead of the country's looming referendum hurt the financial sector. Prague's main stock index was down 0.4 percent by 1518 GMT, with Erste Bank shares falling by 1.8 percent. Warsaw's blue-chip index fell by 1...

  • DRURIDGE BAY, England, Nov 27- In northeastern England, a battle is raging between grass roots campaigners and a company intent on digging a new open cast mine as world coal prices soar. Some wonder how long the coal price surge will last, but in Northumberland, the Banks Group is pressing ahead with plans for a new mine despite opposition from local...

  • JOHANNESBURG, Nov 25- South African power provider Eskom has proposed building a nuclear power station on a site that may be at risk of surge storms and tsunamis, a geological report suggests, but the state-owned utility disputes the findings. South Africa has the continent's only nuclear power station and plans to expand nuclear power generation to meet...

  • LONDON/ MILAN, Nov 24- European shares edged up on Thursday, remaining within a recent range, as a boost from healthcare stocks was partly offset by weak telecoms and utilities. The session was quiet with Wall Street shut for the Thanksgiving holiday. The stock had fallen more than 20 percent after climate change-sceptic Donald Trump won the race to the White House,...

  • ZURICH/ FRANKFURT, Nov 24- Switzerland votes in a referendum on Sunday on whether to make a speedy withdrawal from atomic energy production, a move that would reduce nuclear risks but raise reliance on fossil fuels from Germany or imported nuclear power from France. The opposition Swiss Greens and Social Democrats have pushed for a vote since the 2011 Fukushima...

  • LONDON, Nov 24- Australia's South32, the mining company spun off from BHP Billiton, in 2015, will avoid buying thermal coal because of uncertainties over demand linked to climate concerns, the company said on Thursday. Forecasters such as the International Energy Agency have predicted that coal demand will peak by the middle of the next decade.

  • CALGARY, Alberta, Nov 23- The Canadian province of Alberta is switching to a new power market structure to encourage investment in electricity generation and help meet its renewable energy targets, the government said on Wednesday. Alberta will switch to a "capacity" market by 2021, in which electricity generators such as gas-fired power stations, wind and...

  • The Tesla Powerwall battery

    Tesla's new sister company turned a remote Pacific island almost entirely solar-powered, Elon Musk’s SolarCity said in a blog on Tuesday.

  • PARIS, Nov 22- The renewable energy unit of French state-owned utility EDF is in talks with Chinese companies about a possible partnership to build offshore wind parks in China, the company said. EDF Energies Nouvelles CEO Antoine Cahuzac told reporters on Tuesday that EDF will target areas with growing power needs like Latin America, China, India and...

  • Italian Premier Matteo Renzi.

    Italy's upcoming referendum could catalyze repercussions Europe-wide, according to the chief executive of Italy's biggest utility.

  • *Plan was to build two nuclear plants with Russia, Japan. HANOI, Nov 22- Vietnam's National Assembly voted on Tuesday to abandon plans to build two multi-billion-dollar nuclear power plants with Russia and Japan, after officials cited lower demand forecasts, rising costs and safety concerns. The Vietnamese government is fiscally strapped as public debt...

  • *Plan was to build two nuclear plants with Russia, Japan. *Deals blow to global nuclear industry, especially Japan. HANOI, Nov 22- Vietnam's National Assembly voted on Tuesday to abandon plans to build two multi-billion-dollar nuclear power plants with Russia and Japan, after officials cited lower demand forecasts, rising costs and safety concerns.

  • HANOI, Nov 22- Vietnam's National Assembly voted on Tuesday to scrap plans to build two multi-billion-dollar nuclear power plants with Russia and Japan, after officials cited lower demand forecasts, rising costs and safety concerns. In November 2009 Vietnam approved plans for the two plants and awarded construction to Russia's Rosatom and a consortium of...

  • HANOI, Nov 22- Vietnam's National Assembly voted on Tuesday to scrap plans to build two multi-billion-dollar nuclear power plants with Russia and Japan, parliament delegates said, after government officials cited lower demand forecasts, rising costs and safety concerns. The parliament vote was taken in a closed session after delegates discussed a...

  • HANOI, Nov 22- Vietnam's National Assembly voted on Tuesday to scrap plans to build two multi-billion-dollar nuclear power plants with Russia and Japan, parliament delegates said, after government officials cited lower demand forecasts, rising costs and safety concerns. The parliament vote was taken in a closed session after delegates discussed a...

  • *Rise in Niger Delta attacks curbs gas supplies. LAGOS/ LONDON, Nov 21- Nigeria's biggest power station shows the huge problems that President Muhammadu Buhari must overcome if he is to fulfil his promise to tackle chronic electricity shortages and reform an economy in recession. Buhari won last year's presidential election with pledges to increase power...

  • SHANGHAI, Nov 22- China may name the first of its state-owned enterprises to be restructured under a mixed-ownership system by the year-end, the business paper China Securities Journal reported on Tuesday, citing unnamed sources. The commission had previously made clear that China Eastern Airlines Group, Unicom Group, China Southern Power Grid, Harbin...